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1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


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<h1>Definition of Approved Gratuity Fund under Clause (5) of Section 2, Income-tax Act, 1961 Explained.</h1> An 'approved gratuity fund' is defined under Clause (5) of section 2 of the Income-tax Act, 1961, as a gratuity fund that has received and maintains approval from the Principal Chief Commissioner, Chief Commissioner, Principal Commissioner, or Commissioner. This approval is granted in accordance with the rules outlined in Part C of the Fourth Schedule of the Act.